White Mountains Insurance Group, Ltd. (NYSE:WTM) Shares Sold by Phocas Financial Corp.

Key Points

• Phocas Financial Corp. reduced its holdings in White Mountains Insurance Group by 5.5%, owning 5,391 shares valued at approximately $10.4 million, making it the fund's 10th largest position.
• Several large investors have significantly increased their positions in White Mountains, with GAMMA Investing LLC boosting its stake by an astonishing 276,054.7%, now owning 146,362 shares worth $281.9 million.
• White Mountains Insurance Group reported a quarterly loss of ($20.50) EPS, missing analyst expectations by $6.50, and has been upgraded from a "sell" to a "hold" rating by Wall Street Zen.

Phocas Financial Corp. lowered its position in White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,391 shares of the insurance provider's stock after selling 311 shares during the quarter. White Mountains Insurance Group accounts for approximately 1.6% of Phocas Financial Corp.'s holdings, making the stock its 10th biggest holding. Phocas Financial Corp. owned 0.21% of White Mountains Insurance Group worth $10,382,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in White Mountains Insurance Group by 276,054.7% during the 1st quarter. GAMMA Investing LLC now owns 146,362 shares of the insurance provider's stock worth $281,865,000 after buying an additional 146,309 shares during the last quarter. Cooke & Bieler LP lifted its position in shares of White Mountains Insurance Group by 60.4% in the 1st quarter. Cooke & Bieler LP now owns 54,652 shares of the insurance provider's stock worth $105,249,000 after acquiring an additional 20,582 shares during the period. Reinhart Partners LLC. lifted its position in shares of White Mountains Insurance Group by 11.0% during the 1st quarter. Reinhart Partners LLC. now owns 42,478 shares of the insurance provider's stock worth $81,804,000 after buying an additional 4,206 shares during the period. Lord Abbett & CO. LLC raised its position in shares of White Mountains Insurance Group by 0.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 33,116 shares of the insurance provider's stock worth $64,413,000 after acquiring an additional 104 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in White Mountains Insurance Group by 7.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,857 shares of the insurance provider's stock valued at $47,278,000 after acquiring an additional 1,621 shares during the period. Hedge funds and other institutional investors own 88.65% of the company's stock.

White Mountains Insurance Group Price Performance

NYSE WTM traded up $5.56 during trading hours on Tuesday, reaching $1,780.06. 5,383 shares of the stock traded hands, compared to its average volume of 17,957. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 164.37 and a beta of 0.37. White Mountains Insurance Group, Ltd. has a 1 year low of $1,666.22 and a 1 year high of $2,023.00. The stock has a 50 day simple moving average of $1,784.46 and a two-hundred day simple moving average of $1,815.62.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The insurance provider reported ($20.50) EPS for the quarter, missing the consensus estimate of ($14.00) by ($6.50). The company had revenue of $472.20 million during the quarter. White Mountains Insurance Group had a return on equity of 5.01% and a net margin of 1.29%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.